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QUESTION 48 Here are selected data for Sunny Sky Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $62,200 Beginning finished goods inventory
QUESTION 48
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Here are selected data for Sunny Sky Corporation:
Beginning raw materials inventory
$37,000
Beginning work in process inventory
$62,200
Beginning finished goods inventory
$58,300
Cost of materials purchased
$151,000
Cost of direct materials requisitioned
$91,300
Direct labor incurred
$135,000
Actual manufacturing overhead
$160,000
Cost of goods manufactured
$287,000
Cost of goods sold
$265,000
Manufacturing overhead rate (per dollar of direct labor cost)
$1.25
What is the finished goods ending inventory?
$79,300
$80,300
$493,700
$287,000
$91,300
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